Selected information from Peridot Corporation's accounting records and financial statements for 2011 is as follows ($ in millions). Cash paid to acquire machinery = $32 Retired common stock = $51...

Selected information from Peridot Corporation's accounting records and financial statements for 2011 is as follows ($ in millions).

Cash paid to acquire machinery = $32

Retired common stock = $51

Proceeds from sale of land = $95

Gain from the sale of land = $50

Investment revenue received = $72

Cash paid to acquire office equipment = $85

In its statement of cash flows, Peridot should report net cash outflows from investing activities of:

a. $22 million

b. $95 million

c. $18 million

d. $42 million